Some commodity sellers in the Wa Central market say commodity prices are not going down. According to them, commodities are rather increasing daily.
They said this after government said prices of goods and commodities are going down in the last four months.
Speaking to Info Radio in Wa, some of the commodity sellers, said rice, sugar, oil, maize, beans among others are increasing.
“For me, prices of food items are not going down. There is no significant decrease in the prices of products. We also heard that prices are going down but that is not the reality on the ground.”
They also lamented that customers are complaining about the high cost of the commodities this season.
“Customers have been complaining about high commodity prices, which have increased for some items while remaining stable for others,” the traders stated.
Some of the customers who spoke to Info Radio said “It's not exactly as they said. Prices vary by shop. Rice and oil prices remain unchanged. We'd be happy if prices dropped.”
Meanwhile, the government has announced that the general level of prices paid for goods and services has reduced to 26.4 per cent for November, the fourth consecutive month.
The Consumer Price Index (CPI), which measures inflation, shows that the drop was the most significant seen in the last 13 months, primarily occasioned by a decrease in food inflation, notably fish and other seafood, as well as water and soft drinks.
Food inflation dropped by 12.6 per cent to 32.2 per cent in November 2023.
The month-on-month rate of food inflation was 0.8 per cent.
The Government Statistician, Professor Samuel Kobina Anim, presenting the CPI data yesterday, stated that non-food inflation eased to 21.7 per cent in November 2023, as compared with 27.7 per cent in October 2023.
The data also showed that the month-on-month rate of non-food inflation stood at 2.2 per cent.